In this YSIFX Review, we are going to take a look at the offer that this broker prepared for its traders. YSIFX operates on the financial market since 2020. When it comes to trading platforms, the broker features MetaTrader 4. The YSIFX minimum deposit is 1000 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this YSIFX Review
| Website address: | ysifx.com |
| Operated by: | YSI Markets Corporation |
| Licensed and authorised by regulatory bodies: | |
| Supported languages: | English |
| Customer support available via: | E-mail, phone, live-chat |
| Contact details: | [email protected] +61-2-5633-1045 |
| Available deposit methods: | |
| Available withdrawal methods: | Most likely the same as the deposit methods |
| Minimum deposit: | 1000 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Typical spread on the currency pair EUR/USD - 0,6 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex, stocks, commodities, indices |
| Mobile app: |  |
| MetaTrader 4: | |
| Other trading platforms: | |
| Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:200 |
| Social trading: |  |
YSIFX Fees (typical spreads)
We have scanned fees (typical spreads) that YSIFX charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| * | 0,6* | * | * | * | * |
*Typical spreads were recorded on 17.09.2020 at 09:58 for the standard account. YSIFX spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: RoboForex, Profit-Trade, CoverdealFX and 6iTrade
Frequently Asked Questions
🧐 Is YSIFX a Scam?
In accordance with our research, YSIFX is an offshore unregulated broker. This alone does not mean it is a scam, but you should be even more careful with such a provider than with a regulated broker. In order to be sure that YSIFX is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the YSIFX minimum deposit?
In order to start trading with YSIFX, you have to deposit at least 1000 USD (Trading accounts can also be held in USD).
📵 What deposit and withdrawal methods YSIFX supports?
⚖️ Would you recommend me choosing YSIFX?
We don’t have our own personal experience with YSIFX. However, because it is a broker that in accordance with our research lacks any regulation, we would be quite sceptical if we were to trade with such a provider. While there is a decent chance that YSIFX is not a scam, there is no reason to take the risk of trading trade with an unregulated broker, especially when considering there are hundreds of brokers regulated in the EU, Australia, Africa and the USA offering similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 06.09.2023 at 11:42 GMT.
also called krcfx, they changed their name so many times.